Arcus Capital Partners LLC Makes New $202,000 Investment in The Walt Disney Company $DIS

Arcus Capital Partners LLC purchased a new position in shares of The Walt Disney Company (NYSE:DIS) in the second quarter, Holdings Channel.com reports. The firm purchased 1,628 shares of the entertainment giant’s stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. DiNuzzo Private Wealth Inc. increased its position in shares of Walt Disney by 82.5% during the second quarter. DiNuzzo Private Wealth Inc. now owns 208 shares of the entertainment giant’s stock worth $26,000 after purchasing an additional 94 shares in the last quarter. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Walt Disney in the 1st quarter valued at approximately $26,000. Kessler Investment Group LLC increased its position in Walt Disney by 274.0% during the 1st quarter. Kessler Investment Group LLC now owns 273 shares of the entertainment giant’s stock worth $27,000 after purchasing an additional 200 shares during the period. Harbor Asset Planning Inc. acquired a new position in Walt Disney during the 2nd quarter worth approximately $37,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of Walt Disney in the 2nd quarter worth approximately $49,000. 65.71% of the stock is owned by hedge funds and other institutional investors.

Walt Disney Stock Up 0.7%

NYSE:DIS opened at $110.69 on Friday. The company has a market capitalization of $199.00 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 1.45 and a beta of 1.54. The Walt Disney Company has a one year low of $80.10 and a one year high of $124.69. The stock has a 50-day simple moving average of $114.86 and a 200 day simple moving average of $110.83. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.66 and a current ratio of 0.72.

Walt Disney (NYSE:DIS) last posted its quarterly earnings results on Wednesday, August 6th. The entertainment giant reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.16. The business had revenue of $23.65 billion during the quarter, compared to the consensus estimate of $23.69 billion. Walt Disney had a return on equity of 9.67% and a net margin of 12.22%.The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same period last year, the firm earned $1.39 earnings per share. Sell-side analysts predict that The Walt Disney Company will post 5.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut Walt Disney from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Walt Disney in a research note on Monday, August 11th. Citigroup increased their price target on Walt Disney from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 9th. Morgan Stanley increased their target price on Walt Disney from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Finally, Susquehanna reiterated a “neutral” rating on shares of Walt Disney in a report on Monday, August 11th. Nineteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.90.

About Walt Disney

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.